Crude Continuing HigherCrude prices today broke out to their highest level since November 2022 as the rally off the YTD lows continues to gather pace. Crude futures are now up more than 30% off the...
Dollar and Equities Saw Muted Reaction to Dovish US CPI Surprise. Here is why.
The US inflation report had a moderately favorable outcome for the market. Both overall and core inflation figures came in below expectations, slightly alleviating market tension linked to the risk of...
EURUSD Higher Despite Gloomy ECB Bulletin
ECB Concerned Over Economic ProspectsIn its latest economic bulletin released today, the ECB shared little in the way of optimism for the health of the eurozone economy. While the bank acknowledges...
GBP Lower As NIESR Flags Fresh Recession Risks
2024 Recession Risks GrowingAfter narrowly avoiding a recession so far this year, and with the likes of the IMF and the BOE no longer forecasting a recession in the UK this year, GBP bulls were dealt...
Two Key Gold Levels ahead of US CPI Release
US indices closed Tuesday session on a bearish note as weak data on China's foreign trade sparked a minor turmoil in the market. However, the situation managed to turn around today; equity...
Nasdaq Correction Continues As Weak China Data & US CPI Weigh
China CPI Drops AgainFears over the health of the Chinese economy have moved back into the spotlight this week. On the back of data yesterday showing that Chinese exports contracted for the third...
Silver Prices Falling Sharply: What to Watch?
Silver Under PressureIt’s been another tough week for silver so far. The metal came under heavy selling pressure over Monday and Tuesday and while the market is holding up for now, prices have already...
Crude Capped by Rising USD & Weak China Data
Rising USD Stalls CrudeCrude prices are reversing this week following a solid rally over July that saw crude futures gaining almost 20% off the lows. Price made it as high as a test of the 82.59 level...
Gold Prices Lower As USD Gains Ahead of Thursday's CPI Data
Hawkish Fed Risks RemainGold prices are looking a little softer through the European morning on Tuesday as USD regains some ground. While Friday’s data saw the NFP undershooting forecasts, a move...
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